Sample Amortization Schedules

Loan Amount: $10,000 | Term of the Loan: 5 years | Interest Rate: 10%

Calculation Results:
Monthly loan payments: $212.47
Total interest paid over the life of the loan: $2,748.23
Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

8,377.32

926.96

1,622.68

926.96

2002

6,584.72

757.05

1,792.60

1,684.01

2003

4,604.42

569.34

1,980.31

2,253.35

2004

2,416.75

361.98

2,187.67

2,615.33

2005

0.00

132.90

2,416.75

2,748.23

Loan Amount: $10,000 | Term of the Loan: 5 years | Interest Rate: 25%

Calculation Results:
Monthly loan payments: $293.51
Total interest paid over the life of the loan: $7,610.79

Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

8,852.19

2,374.35

1,147.81

2,374.35

2002

7,382.16

2,052.12

1,470.04

4,426.47

2003

5,499.44

1,639.44

1,882.72

6,065.91

2004

3,088.18

1,110.90

2,411.26

7,176.81

2005

0.00

433.98

3,088.18

7,610.79

Sample Amortization Schedules

Loan Amount: $12,000 | Term of the Loan: 5 years | Interest Rate: 10%

Calculation Results:
Monthly loan payments: $254.96
Total interest paid over the life of the loan: $3,297.87
Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

10,052.78

1,112.36

1,947.22

1,112.36

2002

7,901.67

908.46

2,151.12

2,020.82

2003

5,525.30

683.21

2,376.37

2,704.02

2004

2,900.10

434.37

2,625.20

3,138.39

2005

0.00

159.48

2,900.10

3,297.87

Loan Amount: $12,000 | Term of the Loan: 5 years | Interest Rate: 25%

Calculation Results:
Monthly loan payments: $352.22
Total interest paid over the life of the loan: $9,132.95

Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

10,622.63

2,849.22

1,377.37

2,849.22

2002

8,858.59

2,462.55

1,764.04

5,311.77

2003

6,599.32

1,967.33

2,259.26

7,279.09

2004

3,705.81

1,333.08

2,893.51

8,612.17

2005

0.00

520.78

3,705.81

9,132.95

Sample Amortization Schedules

Loan Amount: $15,000 | Term of the Loan: 5 years | Interest Rate: 10%

Calculation Results:
Monthly loan payments: $318.71
Total interest paid over the life of the loan: $4.122.34
Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

12,565.98

1,390.45

2,434.02

1,390.45

2002

9,877.08

1,135.57

2,688.90

2,526.02

2003

6,906.62

854.01

2,970.46

3,380.03

2004

3,625.12

542.96

3,281.50

3,922.99

2005

0.00

199.35

3,625.12

4,122.34

Loan Amount: $15,000 | Term of the Loan: 5 years | Interest Rate: 25%

Calculation Results:
Monthly loan payments: $440.27
Total interest paid over the life of the loan: $11,416.19

Year

Loan Balance

Yearly Interest Paid

Yearly Principal Paid

Total Interest

2001

13,278.29

3,561.52

1,721.71

3,561.52

2002

11,073.23

3,078.19

2,205.05

6,639.71

2003

8,249.15

2,459.16

2,824.08

9,098.87

2004

4,632.26

1,666.35

3,616.89

10,765.22

2005

0.00

650.97

4,632.26

11,416.19